Westdale Asset Management, LTD 401(k) Review & Grade
Westdale Asset Management, LTD 401(k) Plan
Dallas, TXReal Estate & Rental701 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$604Employer $ per active participant
$2,909Employee $ saved per active participant
0.41%Direct admin cost, % of plan assets
$28.8MNet plan assets, end of year
$58,460Average balance per account
Score breakdown
- Employer generosity12.9 / 5026th percentile for employer $ per participant
- Low cost7.5 / 2530th percentile for low admin cost vs. same-size plans
- Employee saving6.2 / 1541th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score27 / 100 · Grade F
This plan vs. peers
Peers: Real Estate & Rental plans with 500–2,499 active participants (291 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 26th |
| Lower admin cost | 30th |
| Employee saving | 41th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
Corrective distributions: the plan refunded $79,009 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Westdale Asset Management put in about $604 per active participant, below the typical peer ($1,279). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.41% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $423,074 |
| Participant (employee) contributions | $2,038,878 |
| Other contributions (incl. rollovers in) | $81,609 |
| Administrative expenses paid from the plan | $111,118 |
| Investment advisory & management fees | $45,932 |
| Benefits paid out | $2,426,944 |
| Net assets, start / end of year | $25.8M / $28.8M |
| Active participants, start / end of year | 607 / 795 |
| Participants with account balances | 492 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $65,186 reported compensation |
| Visionpoint Advisory Group | $45,932 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250922190220NAL0013143010001, received 2025-09-22, EIN 75-2680425, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.